ArmInfo."We are gaining momentum for economic take-off," Prime Minister Nikol Pashinyan wrote late last night on his Facebook page. According to his record, from May to the present day the assets of the country's banking system increased by 10.5%, and loans by 7.0%. Wherein, according to the Prime Minister, lending to individuals increased by 10.4%, and to legal entities - by 4.3%. At the same time, as the head of government noted the volume of deposits increased by 9.2%.
To note, in the October report on the prospects for the development of the world economy, the IMF updated the forecast for GDP growth in Armenia - 6% in 2018 with a slowdown in 2019 to up to 4.8%. The same report provides an updated forecast for the ratio of the current account deficit to GDP - 3.8% in 2018, while maintaining this threshold in 2019.
To recall, according to the World Bank's forecast for 2018 updated in June of this year, Armenia's GDP growth will be 4.1%, with a slowdown to 4% in 2019-2020. According to the forecast of the Central Bank of Armenia updated in August, GDP growth in 2018 will be 5.6-6.9%, in 2019 - 4.6-6.4% and in 2020 - 4.1-6.2%. In the state budget of the Republic of Armenia for 2018, GDP growth is set at 4.5% . According to the National Statistical Service of Armenia, Armenia's GDP grew by 7.5% in 2017 to 5.580 trillion drams ($ 11.6 billion). A year earlier, in 2016, GDP growth slowed to 0.2% from 3.2% in 2015. The GDP deflator index in 2017 was 102.2%, against 100.5% in 2016 and 101.2% in 2015.
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